Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) Research & Development: HK$1,071 Mil (TTM As of Dec. 2025)

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HKSE:09903 Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
9 GF Score
Price HK$404.80
! 2 Warning Signs
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What is Shanghai Iluvatar CoreX Semiconductor Co Research & Development?

Shanghai Iluvatar CoreX Semiconductor Co HKSE:09903 +10.54% 9 Research & Development is HK$1,071 Mil as of Dec. 2025. GuruFocus rates HKSE:09903 with a GF Score™ of 9/100. The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shanghai Iluvatar CoreX Semiconductor Co's Research & Development for the six months ended in Dec. 2025 was HK$577 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,071 Mil.

Shanghai Iluvatar CoreX Semiconductor Co  (HKSE:09903) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Shanghai Iluvatar CoreX Semiconductor Co Research & Development Related Terms

Shanghai Iluvatar CoreX Semiconductor Co Research & Development Historical Data

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The historical data trend for Shanghai Iluvatar CoreX Semiconductor Co's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shanghai Iluvatar CoreX Semiconductor Co Research & Development Chart

Shanghai Iluvatar CoreX Semiconductor Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Research & Development
509.92 673.64 825.08 1,076.17

Shanghai Iluvatar CoreX Semiconductor Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development Get a 7-Day Free Trial 0.00 359.26 468.77 493.51 577.40
HKSE:09903
9GF Score
Shanghai Iluvatar CoreX Semiconductor Co Ltd HKSE:09903
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shanghai Iluvatar CoreX Semiconductor Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,071 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of HK$1,071 Mil mean?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a Research & Development of HK$1,071 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors.
Is Shanghai Iluvatar CoreX Semiconductor Co's Research & Development too high?
Shanghai Iluvatar CoreX Semiconductor Co's current Research & Development is HK$1,071 Mil. Overall, Shanghai Iluvatar CoreX Semiconductor Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Shanghai Iluvatar CoreX Semiconductor Co's Research & Development compare to NVDA and AVGO?
Shanghai Iluvatar CoreX Semiconductor Co's Research & Development of HK$1,071 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Shanghai Iluvatar CoreX Semiconductor Co and its competitors. Shanghai Iluvatar CoreX Semiconductor Co's current Research & Development is HK$1,071 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Iluvatar CoreX Semiconductor Co stock overvalued right now?
Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903) has a current Research & Development of HK$1,071 Mil. The current Research & Development is HK$1,071 Mil. Shanghai Iluvatar CoreX Semiconductor Co's overall GF Score™ is 9/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Shanghai Iluvatar CoreX Semiconductor Co (HKSE:09903), the current Research & Development is HK$1,071 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shanghai Iluvatar CoreX Semiconductor Co Business Description

Address No. 2168 Chenhang Road, Room 101, Building 3, Minhang District, Shanghai, CHN
Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. Geographically, it operates in Chinese Mainland; and Hong Kong, of which it derives maximum revenue from Chinese Mainland.
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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$404.80
Price